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Book a FREE consultation and receive your complimentary eBook
Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.
Book a FREE consultation and receive your complimentary eBook
Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.
Make Your Business WorkFor Your Personal Financial Plan
You Need A Financial PlannerThat Understands Business Owners
Yield provide expert business owner financial planning that will help you optimise your cash flow and tax structures and improve your financial position. Currently over 1/3 of our clients are business owners and this is growing, because we can see the whole picture. Working with your other trusted professionals, such as your Accountant, we will tailor our financial advice to your personal situation, whilst also factoring in the operations of your business.
To properly optimise a business owners financial plan, it is important to start by thoroughly analysing their financial position, in and outside of the business. This includes relating your financial decision making to the needs of your business and using your money effectively to fund the things that are important to you in your life personally. We often find there are alot of opportunities to implement tax effective and debt minimising strategies, by using the structures you are likely to have already, like trusts and companies, which can help reliably grow your asset value over time. Debt minimisation forms an important part of our advice, as 69% of our business owner clients have above $1m.
Structure Your Business Well & Reap the Benefits
The ability to separate your business needs from your personal is important for a successful business owner. However, there is often synergy for you to leverage also. By structuring your business well, you can reduce your liability risk, whilst also creating opportunities for you and your financial plan, which we can help you identify.
Yield financial advisors will help you avoid making poor or pressured decisions as a business owner and to leverage your business better for your personal objectives.
Asset Value of Our Business Owners
The allocation of your assets is likely to be pre-determined by your overall objectives, in addition to your preferred outcomes. With the average net worth of our business owners being $7.2M, the recurring theme we observe remains their shared goal to grow wealth, which feeds into their common value of security. These priorities are further reflected within the asset allocation of our business owners, which demonstrates their clear preference for investment in shares and managed funds. This can be for various reasons including the liquidity needs of their business and also typically suits our time poor business owners, because these investments are more easily outsourced and managed, making financial planning for business owners particularly valuable. Interestingly this differs to many of our other clients who have a higher weighting to property investment.
Areas of Concern for
Business Owners
Being a business owner is often not easy and comes with risk. This is why some fear exists of losing what you have worked hard to create and is understandable and a mutually shared concept.
Three Universally Expressed Fears from our Clients
Loss of income
Adequate insurance cover can ease your nerves and prevent financial burden to yourself as well as your family in the unfortunate case of serious illness or death. Be careful not to pay too much either and get it regularly reviewed. It is also important to maintain sufficient liquidity in and outside of your business to manage lumpy cashflow.
Soaring debt levels
In addition to being a sizeable stressor, debt can also be a drain on your cash flow. To manage debt levels wisely, we can assist you in implementing a clear SMART debt reduction plan.
Fear of the unknown
The feeling of not doing enough or not having accumulated enough is more common than you think. If you feel as though you are not harnessing the full potential of your finances, our team of financial advisors for business owners are here to help refine your financial plan to provide you with a sense of security.
What Our Clients Say
We have entrusted our wealth creation and future security with Yield Financial Planning for a number of years now. They truly are professionals who have stayed ahead of the game by making strategic decisions at the right time and have always given sound advice. Security for our future is in great hands. Thanks Yield Financial Planning!!!
Yield Financial Planning has provided us with professional expert sound advice. It is always a pleasure to deal James and his team who always have our best interests at heart and has set up a sound plan for retirement. James and his team have provided first rate advice and funds management. I have confidence in James’s competence and integrity.
Yield Financial Planning have been excellent in their advice and investment strategies being a pleasure to work with over many years. Their strategies and constant portfolio reviews making changes when needed have guided us right through from our working days, the GFC and now retirement. We hold Yield as being an invaluable necessity.
Just the excellent service we receive and doesn’t matter how many questions we have; the staff are happy to oblige. They follow things through and let us think about important and critical matters methodically with a helping hand along the way. So overall the Journey is pleasant, professional and comprehensive yet it is explained to you what could help you or your needs.
I’ve been with Yield for more than 10 years and I’ve found the advice invaluable in helping to navigate life’s twists and turns. Highly recommended 5 Stars!
I would like to congratulate Yield Financial Planning, for their high quality of care, expertise and knowledge they have provided in ensuring my future growth is heading in the right direction. These qualities have reflected both in results and the ongoing follow up as an existing client, which I find reassuring.
Have been with Yield for a few years as my financial planners, and was very pleased when they announced their Mortgage Brokering Services – their Broker had great communication, and at no time was I unsure of where we were in the process. Being my Financial Planner, I was much more comfortable knowing they had my interests at the forefront of all negotiations – rather than getting a mortgage broker off the street who is probably aligned with a bank. From a more financial perspective, Yield saved us over $5000 per year through reduced interest payments alone – I highly recommend looking into Yield Financial
Financial Planning Strategies for Business Owners
How to Build a Stronger Business | by Mead Partners
Small Business Succession Plan
Investment Planning Like a Business Owner – ‘Leaky Tap’ (Part 4)
5 Things Business Owners Should Consider
Business Partnership Agreements
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Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.
